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HanesBrands may be acquired by Gildan, sources say

88.5 WFDD - Public Radio For The Piedmont | By April Laissle
Published August 12, 2025 at 2:09 PM EDT
HanesBrands is based in Winston-Salem
Paul Garber
/
WFDD
The company is in talks to be acquired by Canada’s Gildan Activewear in a nearly $5 billion deal.

Winston-Salem-based Hanesbrands may soon have a new owner.

The Financial Times reports the company is in talks to be acquired by Canada’s Gildan Activewear in a nearly $5 billion deal.

Hanesbrands has struggled in recent years with falling sales and higher costs. It’s been selling assets — including its Champion label — to help pay down debt.

A deal could be reached as soon as this week.
Business
April Laissle
April Laissle is a senior reporter and editor at WFDD. Her work has been featured on several national news programs and recognized by the Public Media Journalists Association and the Radio Television Digital News Association. Before joining WFDD in 2019, she worked at public radio stations in Ohio and California.
See stories by April Laissle